2026-01-02 08:21:22

Ethereum's technical signals are becoming increasingly clear. After such a long period of oscillation and bottoming out, the market is probably due for a shakeout to clear out impatient retail investors. From the daily chart perspective, ETH price has entered a typical time-for-space pattern—sideways consolidation, waiting for a breakout.

There are continuous large spot orders being absorbed below, with institutional buyers stepping in each time the price dips to support levels, indicating that a bottom consensus is forming. The current resistance zone is locked between 3050-3120, which is not only the previous rebound high but also a tough nut to crack on the daily chart. Breaking through this area is necessary to truly unlock the upside potential.

Frankly, the current market situation is like this—big players are supporting the price from falling further, but there is a clear lack of momentum for a rally above. The correlation with BTC and SOL is also under observation; once there is any movement, ETH might start to follow.

Short-term trading strategy: go short near 3030-3070 when the price rises, targeting the support at 2900-2930. Risk management must be well prepared, as the market can change direction at any time.

ETH5.12%

BTC2.83%

SOL5.29%

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RektRecorder

· 8h ago

The market is like this; the bottoming phase tests patience the most. Institutions are accumulating at the bottom, retail investors are cutting losses every day, and in the end, it's still that group of people who take the last risk. The key zone between 3050-3120 must be broken through to count; otherwise, it will just continue to fluctuate. Wait for BTC to give a signal; whether ETH follows depends on the big brother’s mood.

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just_another_wallet

· 8h ago

Bro, it's the same institutional support tactic again. Do you believe it this time? Are the big players really buying in? Feels like just talk. If we can't break through 3050, there's no point in messing around. Better to wait patiently for the next opportunity. This round of shakeout probably means business, retail investors are going to get hurt again. ETH's sideways movement—when will it finally break out? Institutional support can't be trusted; it still depends on BTC's direction. Brothers holding short positions, can 2900 really be reached? I have my doubts. Given the current market, I think it's safer to stay on the sidelines. No matter how good the words sound, only a breakdown would count. Right now, it's all just expectations.

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DoomCanister

· 8h ago

Institutional support, why is it still horizontal? --- If 3050 can't be broken, then let's keep kneeling. --- Wait, is the large order acceptance real or just storytelling again? --- I'm tired of hearing about lack of fuel, it's always the same excuse. --- I just want to know when the real breakout will happen. --- Another theory of manipulation, retail investors are already wiped out, what are they still manipulating? --- SOL has risen so aggressively, ETH is still hesitating, which is truly outrageous. --- The risk of shorting 3070 is a bit high, better to wait and see for more stability. --- I heard this set of tactics last year, and you know the result. --- Support, acceptance, consensus, all the usual talking points. --- The most critical thing now is whether BTC can hold steady; ETH following is just a passing cloud.

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DegenGambler

· 8h ago

Institutions buy at the bottom, retail investors get caught at the top—an eternal story.

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HodlAndChill

· 8h ago

Big players are all stacking, and us small retail investors still have to eat dust. --- Breaking through this key level at 3050 is the only thing that would make me believe it. Right now, it's all just a scam. --- Let's wait and see what BTC does; ETH following the trend is well-known. --- Why is it always about shaking out retail investors? Every time, it's the same story. Isn't it annoying? --- Institutional buy-in? I only see my coins shrinking. --- Sideways consolidation, been building up for almost half a year. When will this momentum finally pick up? --- I haven't seen any large spot orders stacking; instead, it's been diving every day. --- Short-term short positions? Last time you said that, I got proven wrong. Better to stay cautious. --- Talking sweetly, but haven't you just not decided where to break through yet? --- Break through 3120 and it'll rise? I don't believe your nonsense.

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GmGnSleeper

· 8h ago

Big players are all pushing the market, retail investors are still sleepwalking --- The 3050-3120 level is really a tough barrier, no breakthrough, no progress --- Wait, if BTC moves, can ETH keep up? Feels like there's not enough fuel --- Some people dare to say there's a bottom consensus as long as someone takes the plunge, how many people fell for this trick --- Shorting is still a bit nerve-wracking, if the trend reverses, you'll get爆炸ed --- Basically, it's just a game of timing; anyway, I'm waiting for a breakdown before taking action --- Institutional buying sounds good, but it's really just a washout to clear out the weak hands, the tricks are deep --- Anyone entering now should be prepared to be smashed

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AirdropSkeptic

· 8h ago

Talking about institutional trays again, honestly I'm a bit tired of it. Can this wave really break 3120? Feels like I've been shouting about it for a long time. The support below has no fuel, so just keep it horizontal, no need to bother. I'm increasingly skeptical about the idea of institutions stepping in to buy the dip. Let's wait for BTC to move first; following the trend is never wrong.

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